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Silver shoots the moon
MS66
Posts: 235 ✭✭✭
It's gone up much more than I thought.
Yesterday it was $25, today it's what, $300?
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Seriously..what am I missing here?
Premium is based on rarity, not PM content, for such items. Spot price is the starting point, and only the starting point, when pricing fabricated products.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
Silver is spot at $24.67/oz. as we speak here.... The premium lies in the bar/rarity... Cheers, RickO
People with deep pockets buying what they like.
I saw a 5 Gram bar bid up to $400 with multiple bidders.
Thanks guys, I understand about the rarity. I just don't understand why this particular artifact generates so much interest.
Deep pockets. Probably thinking there will be 'deeper' pockets further down the road?
This is cool to see, I like 👍
Gutter down 4%+ RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
It's a HomeStake bar, highly prized.
Might even be a few fakes out there??
At least Two people obviously want it.
750 made according to allengelhard.com
Maybe someone sees something I don't like it was stamped on the opposite side like this ONE of ONE
Definitely a neat looking bar.
Homestake is legendary, a company that existed for the better part of a century in various forms. A big winner during The Depression, as I recall.
A bunch of FDR Administration employees owned Homestake during their government tenure !
I agree, and a nice photo too. Though it does look a bit like lead.
Ended up going for 3550.
What I didn't like about this one is that there were no clear, head-on shots of the HMC stamp. There are a couple of "die markers" that are always visible on authentic bars with the HMC gold bar stamp (which this is an example of), but you couldn't see them on this bar because of the photo angles and the deep divot near the center of the stamp. I still think it's real - everything looks great, but for that kind of money I would want to be positively sure.
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho